Tax Savings Write Offs · Koste Knowledge Base

Can I write off assets in my investment property?

Published 26 June 2026 · Last updated 26 June 2026

Quick Answer

Some investment property assets may be written off immediately, while others need to be depreciated over time. The treatment depends on the asset cost, type, use, ownership and whether it is new or second-hand.

Investors often use the phrase "write off" broadly, but tax treatment can differ.

An asset may be:

Immediately deductible
Depreciated under Division 40
Treated as capital works under Division 43
Added to a low-value pool
Excluded under second-hand residential plant and equipment rules
Relevant later for capital loss or CGT purposes

Examples of assets:

Oven
Dishwasher
Carpet
Blinds
Air conditioner
Hot water system
Furniture
Security system
Ceiling fans
Rangehood
Commercial equipment

New assets bought after settlement are often treated differently from second-hand assets already in the property at purchase.

Koste.ai can help investors separate these categories before the accountant finalises the claim.

Frequently Asked Questions

Can I write off all assets under $300?

Assets may be immediately deductible if ATO conditions are met. Your accountant should confirm.

Are appliances Division 40 assets?

Many appliances are generally treated as Division 40 plant and equipment.

What if the asset was already in the property when I bought it?

Second-hand residential plant and equipment may be restricted under the 2017 rules.

Do commercial assets have different rules?

Commercial property can have different depreciation outcomes and should be reviewed separately.

Should I keep receipts?

Yes. Keep receipts for all new assets and replacements.

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Written by Koste Team · Koste Chartered Quantity Surveyors · AIQS Member · RICS Member · TPB Registered · 1300 669 400 · info@koste.ai